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Answer to Question #54910 in Macroeconomics for jennifer
Question #54910
Consider the following Cobb-Douglas production function:
Y = 10(K^0.8L^0.2)
Recall that in the generic Cobb-Douglas production function
In this economy, the demand for labor is:
Y = 10(K^0.8L^0.2)
Recall that in the generic Cobb-Douglas production function
In this economy, the demand for labor is:
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#340153 on Dec 2023
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